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Engineering AI startup, P-1 AI, Announces Its Series A Financing Led by NEA, Adding Jeff Immelt to the Company’s Board
GlobeNewswire Inc.·
P-1 AI, which develops Archie, an agentic AI engineer for hardware design disciplines, raised $50 million in Series A funding led by New Enterprise Associates. The round brings former GE CEO Jeff Immelt to the board and reflects strong commercial traction with major industrial customers in data center, automotive, and aerospace & defense sectors.
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